Operations
A San Francisco-based firm calling itself a “mobile-first” property and casualty insurance brokerage might start placing home and auto coverage in Canada. Canadian Underwriter asked Karn Saroya, CEO of Cover Financial Inc., whether his insurtech plans to expand into Canada. “We do expect that we will be writing business, mostly likely the auto or home […]
By Greg Meckbach | January 16, 2019
2 min read
Tech
Information technology is one driving force behind mergers and acquisitions involving property and casualty insurance brokerages. Acquiring new products, talent and technology are among the reasons behind M&A activity in P&C insurance, said Georges Pigeon, a Montreal-based partner with KPMG’s transaction services group. “Increasingly if I look back over last the 10 to 15 years, […]
As it continues to expand its employee benefits solutions, Hub International is training its more than 4,000 employees in Canada to articulate that it is not just a property and casualty brokerage. “There’s still a training and development and learning curve with… helping our property and casualty people speak the language of employee benefits,” Tina […]
By Jason Contant | January 15, 2019
3 min read
A Quebec brokerage recently acquired by Hub International Ltd. brings expertise in construction and auto dealerships to the table. “Hub is already major player, if not one of the biggest brokers in Quebec,” Alain Giroux, executive vice president of Montreal commercial brokerage Forum Risques et Assurance Inc., said in an interview. “We can complement the […]
By Greg Meckbach | January 15, 2019
Legal / Regulation
HALIFAX – A pair of reports slam the Nova Scotia government for failing to protect personal information, saying the risk management around its freedom-of-information website was inadequate and a privacy breach last year was preventable. In his report released Tuesday following a nine-month investigation, provincial Auditor General Michael Pickup says the breach was a “very […]
Machines and applications with artificial intelligence (AI) capabilities will soon rely less on bottom-up big data and more on top-down reasoning that more closely resembles the way humans approach problems and tasks, Accenture said Monday. “We will have top-down systems that don’t require as much data and are faster, more flexible, and, like humans, more […]
By Jason Contant | January 14, 2019
A B.C. broker repeatedly in hot water for misapplying thousands of dollars worth of insurance premium funds over several years has had his Level 3 licence permanently revoked. In addition, Insurance Council of B.C. fined Antony Ronald Fransen $7,500 personally and his agency, Fransen Insurance Services Ltd. – which doubles as Sea to Sky (STS) […]
By David Gambrill | January 11, 2019
Canada’s largest property and casualty insurer is checking to see whether some of its auto insurance clients are using their phone while driving. If your auto client is insured by Intact under its My Driving Discount program, Intact can detect mobile phone use, company officials told Canadian Underwriter. “There are different levels of phone usage […]
By Greg Meckbach | January 11, 2019
Montreal commercial brokerage Forum Risques et Assurance Inc. has been acquired by Hub International Ltd., Chicago-based Hub announced Thursday. Forum Risques was founded in 2013 by François Jean and Alain Giroux. Its target markets include technology, manufacturing and construction. Jean and Giroux will join Hub Quebec and report to Robert Dunn, vice chairman and executive […]
By Greg Meckbach | January 10, 2019
HR
The Insurance Brokers Association of Canada (IBAC) is hoping to be able to present a new, revised Canadian Accredited Insurance Broker (CAIB) program to the broker community by this fall. The new content will address 10 broad broker competency areas – including insurance fundamentals, claims support and management, ethics and professionalism, and business development and […]
By Jason Contant | January 10, 2019
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